The Zambia Chamber of Mines (ZCM) has applauded government on the successful renegotiation of the commercial bondholder debt.

ZCM President Godwin Beene congratulated the Republican President, Mr. Hakainde Hichilema and Zambia’s Finance Minister, Situmbeko Musokotwane for their efforts.

In a statement made available to ZANIS, today,  Dr Beene charged that the Treasury will now squarely focus on the restoration of broad economic growth to spur development without leaving even the most vulnerable businesses behind.

He stated that the Bondholder Debt agreement also strongly positions the country to act on the Head of State’s emphasis on the need to avail Zambian businesses fairly priced capital by reinforcing policy, fiscal and regulatory stability.

Dr Beene pointed out that the consistency shown by government in getting to this tipping point in the nation’s fortunes serves as an example of what is required of all citizens, corporate and individual to get the country growing at rates that effect real change at both household and macro-economic level.

“The President has demonstrated that it is time to work and deliver and the mining industry is geared to work hand in hand with government in driving tangible growth,” added Dr Beene.

President Hakainde Hichilema announced early this week that Zambia has clinched a restructuring agreement with donors worth over US $ 3 billion Euro bond debt a development that been hailed by sections of society.